Recalibrate Offshore Sourcing Around New North Sea Commitments

Home Fossil Energy Several North Sea oil & gas discoveries fusing into large subsea tie-back project Norway’s state-owned energy giant Equinor has unveiled a concept for a development that aims to combine several discoveries in the North Sea into a single project, with estimated gross resources of approximately 240 million barrels of oil equivalent, making it one of the largest early-phase development projects on the Norwegian Continental Shelf (NCS). Ringvei Vest concept combines several discoveries in one pro

The well stream will be separated on the seabed before being transported to Troll B, which also provides power for the subsea facilities

Home Fossil Energy Several North Sea oil & gas discoveries fusing into large subsea tie-back project Norway’s state-owned energy giant Equinor has unveiled a concept for a development that aims to combine several discoveries in the North Sea into a single project, with estimated gross resources of approximately 240 million barrels of oil equivalent, making it one of the largest early-phase development projects on the Norwegian Continental Shelf (NCS)

The higher growth in natural gas production is the result of increasing gas-oil ratios (GOR)

In 2021, the Permian produced 17. 3 Bcf/d of natural gas and 4

S. Energy Information Administration, Short-Term Energy Outlook, May 2026Note: GOR is the gas-oil ratio, measured in cubic feet of natural gas per barrel of crude oil produced

The project is enabled by the operator’s project factory approach, combining standardised solutions, pre-commitments and strategic partnerships to accelerate execution and reduce time to market

The Balder Next New Wells project forms part of the next phase of developments in the area and is enabled by existing infrastructure and available capacity. The development also supports the planned consolidation of infrastructure, including decommissioning of the Balder FPU from 2028, reducing operating costs and emissions

The Balder Next New Wells project forms part of the next phase of developments in the area and is enabled by existing infrastructure and available capacity

Home Subsea Brazil’s frontier basin lit up as TGS, SLB drive 3D seismic push June 18, 2026, by A multi-client 3D seismic survey is on the agenda at one of the frontier regions in Brazilian waters, with Norway’s energy data and intelligence company TGS and its joint venture (JV) partner, U

Ramform Tethys vessel; Source: TGS TGS, in joint venture with SLB, has shed light on the Pelotas Sul Phase 1 multi-client 3D seismic survey in the Pelotas Basin offshore southern Brazil, which includes a balanced mix of held and open acreage, providing opportunities for both near-term evaluation and additional sales related to future licensing rounds

headquartered SLB, at the helm of the campaign that will help boost the hydrocarbon exploration momentum in the South American country. Ramform Tethys vessel; Source: TGS TGS, in joint venture with SLB, has shed light on the Pelotas Sul Phase 1 multi-client 3D seismic survey in the Pelotas Basin offshore southern Brazil, which includes a balanced mix of held and open acreage, providing opportunities for both near-term evaluation and additional sales related to future licensing rounds

Home Fossil Energy BP entrusts subsea decom and recycling job at UK field to DeepOcean June 18, 2026, by Norwegian ocean services provider DeepOcean has been hired by the UK-headquartered energy giant BP to lend a hand in the decommissioning and recycling of subsea equipment from a site where a floating production, storage, and offloading (FPSO) worked at the operator’s field located West of Shetland, on the UK Continental Shelf (UKCS). Edda Freya vessel (for illustration purposes); Source: DeepOcean By agreein

” This is the second time that DeepOcean and BP have entered into a sale and purchase agreement (SPA) governing the delivery of the project, building on the decommissioning work delivered by the firm for the UK operator at the Don and Miller fields under a similar commercial model

Øyvind Mikaelsen, Chief Executive Officer of DeepOcean, commented: “We greatly appreciate the opportunity to support bp in another important decommissioning scope on the UKCS. This award reflects a progressive and commercially innovative approach to subsea decommissioning